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Qatar’s telecoms market has ‘huge potential’ despite high penetration rate

According to a report by Global Investment House (GIH), Qatar's telecoms market offers huge potential for a future growth, despite the high penetration rate of around 170%, the Peninsula has reported. The rate of mobile subscribers in the Gulf country grew 4.5% to 3.56m in the second quarter of 2013, the report said. "Ooredoo extended the growth momentum to Q2 2013 by adding 89,700 subscribers, after it launched 4G services on April 16, 2013. Vodfaone subscription base also kept its growth momentum due to increase in both post-paid and pre-paid segment on the back of 11% growth in population," GIH said in the report.